Finance world news

Mandy Op.

Mandy Op.

Is Google in trouble? The report sent the stock down 5%.

Is Google in trouble? The report sent the stock down 5%.

The giant fell short of its revenue forecast, and quite seriously: $69.1 billion versus the expected $71.34 billion. Although it is still an increase in annual terms, it is very weak. EPS is also not good: $1.06 vs. the forecasted $1.28. For the third consecutive report,

The country's largest digital companies don't want to create a fund of material compensation for users who were victims of personal data leaks

The country's largest digital companies don't want to create a fund of material compensation for users who were victims of personal data leaks

The IT industry is convinced that it would be more appropriate to invest in audits of information systems in order to minimize the risk of leaks. The problem with data theft in Russia is acute: according to InfoWatch, 305 databases were compromised in the first half of the year, 45.

Russia has permanently lost its main European oil and gas market and will face a drop in production - IEA

Russia has permanently lost its main European oil and gas market and will face a drop in production - IEA

And it's true. According to Eurostat, Russian oil supplies to the EU are down 25% y/y. Russia is being replaced by Saudi Arabia and Iraq. However, it is also clear that breaking the "energy" link between Russia and Europe will be painful for both economies.

EU inflation unchanged - positive for markets

EU inflation unchanged - positive for markets

EU core CPI (Sep): 1.0% Forecast: 1.0% Previous: 1.0% Consumer Price Index (CPI) (YoY) (Sep): 9,9% Forecast: 10.0% Previous indicator: 9.1% Core inflation is unchanged, the energy market continues to push prices up, which has boosted core inflation. Despite this, CPI is still below

5G networks will cost 40-50% more because of Russian software - Kommersant

5G networks will cost 40-50% more because of Russian software - Kommersant

Telecom operators are concerned about the growth of costs for the construction of 5G networks due to the requirement of the Ministry of Communications, according to which from September 1, 2023 they can only register radio-electronic means of domestic production. Under such a scenario, all expenses on installation of 5G-ready

Cryptocurrency exchange Sgurtorau will support anti-Russian sanctions and stop working with users from Russia, - Izvestia writes

Cryptocurrency exchange Sgurtorau will support anti-Russian sanctions and stop working with users from Russia, - Izvestia writes

Until October 21, customers will be able to withdraw funds to another cryptocurrency, in any digital currency that the site supports, without restrictions. After - all assets of Russians will be converted to euros and will continue to be stored in the wallets. Withdrawal will be possible only through the

France launches direct natural gas supplies to Germany for the first time

France launches direct natural gas supplies to Germany for the first time

Back in September, the two countries had already announced active cooperation on natural gas supplies. These measures will stabilize Europe's energy market.

The Nord Stream pipeline is now filled with water for a large part of its length, - Miller

The Nord Stream pipeline is now filled with water for a large part of its length, - Miller

Repair of Nord Stream may require replacing a large part of the pipe, he said. Miller also said that potentially new strings of the Turkish Stream will already use Russian turbines.

Hungary will not support the European Union's introduction of price restrictions on Russian gas, Foreign Minister

Hungary will not support the European Union's introduction of price restrictions on Russian gas, Foreign Minister

According to the minister, "the introduction of artificial limitation of gas prices is harmful, dangerous and jeopardizes energy supply of Hungary. In his opinion, such a measure will only cause a greater rise in prices and worsen the energy crisis. Now Hungary is not preparing for the coming winter, but

Sberbank continues closing its branch network - Kommersant

Sberbank continues closing its branch network - Kommersant

Sberbank closed a record number of offices in September - more than 500. This gives the bank substantial savings, which could amount to tens of billions of rubles a year.